Fertility rates have been falling persistently over the past 50 years in most developed countries around the world. Simultaneously, the trend in outward migration from poorer to richer countries has been steady. These two forces have contributed to declining population growth and in some...

Part I Human Capital in the Form of Education, Demographic Change, and Their Economic Implications -- Chapter 1: The Non-linearity in the Relationship Between Human Capital and Growth; Alessandra Pelloni, Thanasis Stengos, and Fabrizio Valenti -- Chapter 2: Optimal Life-Cycle Education Decisions...

We analyze the effects of children's health on human capital accumulation and on long-run economic growth. For this purpose we design an R&D-based growth model in which the stock of human capital of the next generation is determined by parental education and health investments. We show that i)...

We analyze the optimal life-cycle education decision of a single atomistic individual and show that the standard result of part-time education and part-time work throughout the life-cycle holds only under very special and unrealistic assumptions. Once these assumptions are relaxed, different...